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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CVBF
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Weaker technical forecast for CVB Financial Corporation as stock downgraded to Hold/Accumulate.
(Updated on May 07, 2024)

Buy or Hold candidate since May 01, 2024 Gain 2.45% PDF

The CVB Financial Corporation stock price fell by -0.637% on the last day (Tuesday, 7th May 2024) from $17.27 to $17.16. During the last trading day the stock fluctuated 1.57% from a day low at $17.15 to a day high of $17.42. The price has fallen in 6 of the last 10 days but is still up by 0.35% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 463 thousand shares were bought and sold for approximately $7.95 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $17.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.57% during the next 3 months and, with a 90% probability hold a price between $14.84 and $16.47 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CVBF Signals & Forecast

The CVB Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.87 and $16.78. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -0.637%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, May 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, May 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CVB Financial Corporation stock

CVB Financial Corporation finds support from accumulated volume at $16.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.270 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: $16.50 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CVBF) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect CVB Financial Corporation to open at $17.24, and during the day (based on 14 day Average True Range), to move between $16.69 and $17.63, which gives a possible trading interval of +/-$0.470 (+/-2.74%) up or down from last closing price. If CVB Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.76 (2.33%) than the resistance at $17.70 (3.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CVB Financial Corporation stock A Buy?

CVB Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.005 Hold/Accumulate Downgraded

Predicted Opening Price for CVB Financial Corporation of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$17.24 ( 0.486%) $17.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CVBF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.51 2.06 %
R2 17.41 1.46 %
R1 17.35 1.09 %
Current price: 17.16
Support S1 17.14 -0.115 %
S2 17.08 -0.487 %
S3 16.97 -1.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.80 3.73 %
R2 17.77 3.55 %
R1 17.70 3.15 %
Current price 17.16
Support S1 16.76 -2.33%
S2 16.73 -2.51%
S3 16.51 -3.79%

CVBF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Apr 02, 2024 Apr 17, 2024 $0.200 1.26%
2 Dec 20, 2023 Jan 04, 2024 Jan 22, 2024 $0.200 1.03%
3 Sep 20, 2023 Oct 03, 2023 Oct 19, 2023 $0.200 1.24%
4 Jun 21, 2023 Jul 05, 2023 Jul 20, 2023 $0.200 1.24%
5 Mar 22, 2023 Apr 04, 2023 Apr 19, 2023 $0.200 1.27%

FAQ

What is the symbol for CVB Financial Corporation Stock and on which exchange is it traded?
The symbol for CVB Financial Corporation is CVBF and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CVB Financial Corporation Stock?
CVB Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy CVB Financial Corporation Stock?
CVB Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CVB Financial Corporation Stock.

What's the current price of CVB Financial Corporation Stock?
As of the end of day on the May 07, 2024, the price of an CVB Financial Corporation (CVBF) share was $17.16.

What is the 52-week high and low for CVB Financial Corporation Stock?
The 52-week high for CVB Financial Corporation Stock is $373.00 and the 52-week low is $260.20.

What is the market capitalization of CVB Financial Corporation Stock?
As of the May 07, 2024, the market capitalization of CVB Financial Corporation is 2.392B.

When is the next earnings date for CVB Financial Corporation?
The upcoming earnings date for CVB Financial Corporation is Jul 24, 2024.
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About CVB Financial Corporation

CVB Financial CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising ... CVBF Profile

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